House Bill No. introduced by L. Schubert aims to prohibit the ownership of real property in Montana by certain aliens and foreign entities. Specifically, the bill states that any alien who is not a resident of Montana or any foreign entity is barred from owning real property within the state. If such a violation occurs, the offending party must divest their interest in the property within six months. If they fail to do so, the property may be sold at public auction by the county sheriff. Enforcement of this provision will be the responsibility of the attorney general or the county attorney where the property is located.

Additionally, the bill includes definitions for key terms such as "alien," "foreign entity," "real property," and "resident." It also establishes that the new law will be codified as part of Title 70, chapter 1, part 1 of the Montana Code. The act is set to take effect on January 1, 2026, and will apply to properties purchased on or after that date.